R&R Transactions

Transactions for Oct. 10, 2008


Transactions At A Glance
George R. Reed, receiver for Aisling Broadcasting of Banner Elk's WZJS-FM/Banner Elk, WECR-FM/Beech Mountain, WXIT-AM/Blowing Rock, WATA-AM/Boone, WMMY-FM/Jefferson and WECR-AM/Newland, N.C., to Curtis Media Group's High Country Adventures for $2.325 million

North Carolina
WZJS-FM/Banner Elk, WECR-FM/Beech Mountain, WXIT-AM/Blowing Rock, WATA-AM/Boone, WMMY-FM/Jefferson and WECR-AM/Newland
PRICE: $2.33 million
TERMS: Asset sale for cash
BUYER: Curtis Media Group, headed by president/CEO Donald Curtis. Phone: 919-790-9392. It owns 19 other stations. This represents its entry into this market.
SELLER: George Reed. Phone: 904-285-3239
FREQUENCY: 100.7 MHz; 102.3 MHz; 1200 kHz; 1450 kHz; 106.1 MHz; 1130 kHz
POWER: 150 watts at 1,946 feet; 150 watts at 1,957 feet; 10kw; 1kw day/night; 11kw at 509 feet; 1kw
FORMAT: Classic Rock; Lite AC; News/Talk/Sports; Information,/Talk/Oldies; Country; Gospel/Religion
BROKER: Media Services Group
COMMENT: George R. Reed, Receiver for Aisling Broadcasting of Banner Elk's WZJS-FM/Banner Elk, WECR-FM/Beech Mountain, WXIT-AM/Blowing Rock, WATA-AM/Boone, WMMY-FM/Jefferson, and WECR-AM/Newland, NC to Curtis Media Group's High Country Adventures for $2.325 million, payable in cash at closing. $116,250 escrow deposit.

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